The State or Territory Sponsored Investor Visa for Australia grants the applicant permanent residence in the country given, that you meet the basic requirement of designated investment in Australia for four years. The basic amount calculated up to AUD 750,000/- is to be held for four consecutive years. The island continent of Southeast Asia is home to many residents and immigrants coming in from all around the world. Every year, a huge number of people travel to Australia with different goals in mind. Some of them get the chance to live, work, and/or study in the country indefinitely. Numerous pathways offer immigrants the chance to become temporary or permanent residents of Australia depending upon their eligibility criteria and their aim to move to the country.

Application Cost: AUD 2,495/- (Primary Applicant)

What is State/Territory Sponsored Investor Visa?

This visa category grants permanent residence to the candidates who hold a State/Territory Sponsored Investor (Provisional) Visa Subclass 165 and have had a specific investment consistently for the past four years. The one whose application is accepted for this visa not only gets the opportunity of permanent residence but also to continue their investment/business-related activities in the countries. They can even apply for Australia Citizenship after a mentioned time.

Eligibility Criteria

To apply for this investor visa, you must meet certain requisites to be eligible. These are:

• You must be a holder of State/Territory Sponsored Investor (Provisional) Visa Subclass 165

• Out of the last four years, you must have lived in Australia for a minimum duration of 2 years

• You, with/without a partner, must have held a designated investment in Australia for four years

• You, with/without your partner, should have a genuine interest in staying and continuing your business in Australia

• You must be sponsored by a state/territorial regional authority

• You, with your partner, must not have been involved in any illegal business activities

• You, with applicants, should be able to fulfill Australia's health and moral requirements

• You must have paid off any pending debts to the country's government

• You should not have had a prior visa cancellation or refusal while your stay in Australia

Benefits of Investor Visa 893

A successful acceptance of this visa grants the applicant numerous benefits, some of which are:

• Become a permanent resident and indefinitely stay in the country

• Apply for work during your stay in the country

• Get enrolled in the public health scheme of the country

• Invite or sponsor your relatives to Australia

• Travel to and from Australia freely for 5 years without needing any special permission

• If eligible, apply for Australia Citizenship

Besides the above-mentioned conditions, there are many more little complications that can arise if a candidate misunderstands or wrongly fills in any detail while submitting their application. This is where visa consultancy experts play an important role. To get your profile assessed or to grab a free visa consultancy session, you can contact Visa Walk and avail of our custom-designed and case-specific services.